SG Private Banking, the wealth management arm of Société Générale, has created a global division in charge of wealth planning and fiduciary services.

Comprising 230 specialists in 12 locations around the world, the WPFS division will offer services from eight main centres: London, Luxembourg, Paris, Geneva, Jersey, Guernsey, Singapore and the Bahamas. Its role is to support the private bank’s relationship managers in their commercial efforts and to help high net worth clients in the legal and fiscal structuring of their assets.

The new division is headed by Olivier Gougeon, who is based in London and will keep responsibility for the SG Private Banking subsidiary Hambros Bank. He is supported in his new position by Claudio Bacceli as head of WPFS in Luxembourg, in charge of European cross-border operations and by Luke Peng, chief executive of SG Trust Asia in Singapore, in charge of the business in the Asia Pacific region.

Jean-Marie Turquais, head of wealth planning at SG Private Banking in France, will also provide support to the new division.

This division reports to the global commercial and marketing department of SG Private Banking in Paris.